BUZZ-Software group Vobile climbs to 13-month peak on share buyback plan

Reuters10-02

** Shares of Vobile Group Ltd jump 24.8% to HK$2.72, their highest levels since August 2023, and on course for an eleventh consecutive session of gains

** Stock on track for the biggest one-day pct rise since Feb 19, if gains hold

** Stock is second-biggest pct gainer in the index, tracking information technology firms , which jumps 5%

** The Chinese software services developer and provider says it intends to repurchase up to HK$200 mln ($25.74 mln) worth of shares in the open market, in a move that reflects its confidence in the business outlook and prospect

** Hang Seng Tech Index rises 6.6% and Hang Seng Index climbs 4.2%

** Vobile stock down 9.5% YTD

($1 = 7.7688 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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